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Daily: Crude oil losses enthusiasm after three days of hikes
Crude oil hike run out of the steam on Thursday after three consecutive days of gains as a record high of U.S. inventories countered OPEC plans for an output freeze. WTI crude futures closed slightly lower and Brent rose after figures from market intelligence provider Genscape showed stockpiles at the Cushing, Oklahoma delivery hub boosted 1.1 million barrels to 68.7 million during the week to March 1. Brent futures increased 14 cents to close at $37.07 a barrel, after hiking earlier to $37.37. Brent has rebounded nearly $2 since Friday's settlement. U.S. crude futures eased 9 cents to end at $34.57.
read more... 04/03/2016
Gazprom borrows 2 bln euros from Bank of China
Russian gas giant Gazprom has lent 2 billion euros ($2.2 billion) from Bank of China's London arm, the company's largest loan agreement from a single credit institution.
read more... 04/03/2016
UK intends to vend Green Investment Bank to private investors for $5.9 billion
The UK Government intends to sell Green Investment Bank (GIB) to private investors in a transaction that could value £4.2bn ($5.9bn).
read more... 04/03/2016
Statoil and ExxonMobil obtain oil licenses in Ireland
Oil titans Statoil and ExxonMobil have obtained six offshore licenses in Ireland.
read more... 04/03/2016
Siemens inks energy agreements with Iran's Mapna Group
German industrial conglomerate Siemens inked an energy deal with Iranian power and infrastructure group Mapna, prolonging its early re-entry into the country after the lifting of sanctions, as it stated on Wednesday.
read more... 03/03/2016